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Accounting

If accounts payable have increased during a period:

a. expenses on an accural basis are the same as expenses on a cash basis.

b. revenues on an accrual basis are less than revenues on a cash basis.

c. expenses on an accrual basis are greater than expenses on a cash basis.

d. expenses on an accrual basis are less than expenses on a cash basis.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M957395

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